PDS:NYE-Precision Drilling Corporation (USD)

COMMON STOCK | Oil & Gas Drilling |

Last Closing

USD 65.14

Change

-1.04 (-1.57)%

Market Cap

USD 0.93B

Volume

0.06M

Analyst Target

USD 4.44
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

Precision Drilling Corporation, a drilling company, provides onshore drilling, completion, and production services to exploration and production companies in the oil and natural gas and geothermal industries in North America and the Middle East. The company operates through Contract Drilling Services and Completion and Production Services segments. The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the geothermal, oil and natural gas industry. This segment offers services include land and turnkey drilling; and procurement and distribution of oilfield supplies, as well as manufacture and repair of drilling and service rig equipment. In addition, it operates land drilling rigs in Canada, the United States, and the Middle East, as well as operates AlphaAutomation, AlphaApps, and AlphaAnalytics data services. The company offers EverGreen suite of environmental solutions comprising EverGreenMonitoring, EverGreenEnergy, and EverGreen Fuel Cell. The Completion and Production Services segment provides service rigs for well completion, workover, abandonment, maintenance, and re-entry preparation services; equipment rentals; and camp and catering services to oil and natural gas exploration and production companies. This segment operates well completion and workover service rigs in Canada and the United States. Precision Drilling Corporation was founded in 1951 and is headquartered in Calgary, Canada.

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

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Relative Returns (From:    To: 2024-09-18 )

Largest Industry Peers for Oil & Gas Drilling

Symbol Name Price(Change) Market Cap
HP Helmerich and Payne Inc

-0.59 (-1.85%)

USD 3.05B
DO Diamond Offshore Drilling Inc

N/A

N/A
NBR Nabors Industries Ltd

-1.95 (-2.86%)

N/A
NE Noble Corporation plc

-0.51 (-1.38%)

N/A
RIG Transocean Ltd

-0.10 (-2.14%)

N/A
SDRL Seadrill Limited

-0.35 (-0.85%)

N/A
BORR Borr Drilling Ltd

-0.10 (-1.76%)

N/A

ETFs Containing PDS

N/A

Market Performance

  Market Performance vs. Industry/Classification (Oil & Gas Drilling) Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 19.99% 100% F 83% B
Dividend Return N/A N/A N/A N/A N/A
Total Return 19.99% 100% F 80% B-
Trailing 12 Months  
Capital Gain -5.07% 100% F 18% F
Dividend Return N/A N/A N/A N/A N/A
Total Return -5.07% 100% F 16% F
Trailing 5 Years  
Capital Gain 132.64% 71% C- 90% A-
Dividend Return N/A N/A N/A N/A N/A
Total Return 132.64% 71% C- 89% A-
Average Annual (5 Year Horizon)  
Capital Gain 68.75% 63% D 96% N/A
Dividend Return 68.75% 63% D 96% N/A
Total Return N/A N/A N/A N/A N/A
Risk Return Profile  
Volatility (Standard Deviation) 110.76% 63% D 6% D-
Risk Adjusted Return 62.07% 88% B+ 79% B-
Market Capitalization 0.93B 50% F 56% F

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Superior risk adjusted returns

This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.

Superior capital utilization

The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior return on equity

The company management has delivered better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.

Underpriced on cashflow basis

The stock is trading low compared to its peers on a price to cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Underpriced compared to book value

The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Underpriced compared to earnings

The stock is trading low compared to its peers on a price to earning basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Superior Earnings Growth

This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.

What to not like:
Highly leveraged

The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.

Poor return on assets

The company management has delivered below median return on assets in the most recent 4 quarters compared to its peers.

Low market capitalization

This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.